Bessent says Fed should wait on rate cuts amid Iran war
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US Treasury Secretary Scott Bessent advises the Federal Reserve to wait on lowering interest rates due to the ongoing war in Iran. The economy is currently strong, but the conflict's impact on inflation and consumer views is being closely monitored.
US Treasury Secretary Scott Bessent says the Federal Reserve should wait before lowering interest rates. The economy is strong, but the Iran conflict's impact on inflation is being watched. Inflation rose in March due to surging oil and gas costs. Bessent expressed confidence that recent price increases won't permanently alter consumer views of the economy. The Fed is doing the right thing by waiting and watching the conflict unfold.
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